Houston-based Post Oak Energy Capital LP, through investment partnerships it manages, has committed to a $150 million line of equity to CP Exploration II LLC (CPX) to fund acquisitions and growth. CPX is a newly formed oil and gas company co-located in Dallas and Lafayette, LA. Management, led by CEO Tom Powell, has experience drilling and developing assets in multiple basins across the United States, including the Gulf Coast, Rockies and Appalachia. The company currently has operated assets in East Texas and the Fort Worth Basin. “CP Exploration has a deep and proven multi-disciplined technical team,” said Post Oak Managing Director Frost Cochran.
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